Beamr Imaging Ltd (NASDAQ: BMR), a leading provider of video
optimization solutions, today announced the first beta version of
its highly anticipated video optimization service. Beamr’s new
file-to-file optimization service aims to bring cutting-edge
technology.
As part of the beta launch, Beamr is offering a free trial for
users to test the service. During this phase, users will have the
opportunity to process video content for free until reaching
savings of 100GB. This will enable them to experience the
remarkable benefits of the Beamr optimization service first hand.
To access the beta version, users can register for the cloud-based
application programming interface (API) and find the accompanying
documentation on the Beamr service. These APIs will make our
service easy and safe to use and also enable our customers with
automation at large scale.
Figure 1: The new beamr.com homepage
"The timing couldn't be better," said Beamr CEO, Sharon Carmel.
"We are thrilled to introduce the first beta version of our
upcoming service, just four months after Beamr's IPO on NASDAQ. Our
accelerated progress has enabled us to bring forward our original
Q3 2023 timeline, demonstrating our commitment to delivering a
full-service launch in Q1 2024.”
The next step, in Q3 2023, will be enhancing our previously
announced service with Nvidia’s NVENC Hardware accelerated video
encoding integrated with Beamr our Content-Adaptive Bitrate (CABR)
optimization capabilities. The integration with Nvidia is designed
to significantly improve processing speed, reduction in costs and
increased speed by up to 10 times.
One of the key advancements that sets Beamr's service apart from
others is the integration of the Emmy award-winning CABR technology
which guarantees video quality while reducing the video file size
significantly (see savings column in the figure below).
Figure 2: Beamr service dashboard
Beamr's Chief Product Officer, Dani Megrelishvili, highlighted
the significance of the beta phase and Beamr’ objectives, stating,
"Our primary goal with the beta release is to introduce the service
to a wide audience, gather valuable feedback on its usability and
value proposition, and actively engage with our partners and users
to ensure the service is fully operational and fine-tuned before
its official launch."
Megrelishvili further emphasized the capabilities of the
service, stating, "Today at the launch of our service, we are proud
to support an essential use case. We provide video optimization,
maintaining the current video standards of AVC to AVC (advanced
video coding) and HEVC to HEVC (high efficiency video coding). In
the near future we also plan to allow codec modernization,
facilitating the transition from AVC to HEVC video. The new
modernization approach is expected to allow us to double down on
optimization and provide superior video encoding simultaneously. We
believe this will serve as an accelerator towards adopting more
advanced standards."
The global cloud video storage market is projected to grow to
$13.5 billion in 2025, with anticipated average savings to be
approximately 30%, or $4.05 billion. This results in each 1% of
savings creating $40.5 million of value. For example, for a partner
with 2 PetaBytes (2PB) of hot storage, an annual storage cost of
$500,000 is expected, with savings of $150,000 a year and $50K in
revenue for Beamr, which is based on our current plans to charge
customers a third of the value created on average (for more
information please see the Beamr company presentation
bit.ly/46ute0y). The above projections are subject to a number of
assumptions, including, but not limited to: (1) we may choose to
change our plans to attract customers; (2) we have no data as to
what our market penetration will be, which can be below 1% or a
multiple percentage; (3) the potential revenue is calculated using
standard pricing from Amazon Web Services, or AWS; (4) our SaaS
operation is expected to be based on spreads in which we first pay
AWS for computing platforms and then sell storage and bandwidth
savings; and (5) our SaaS profit will be dependent on a number of
factors, including, but not limited to, the overall service
efficiency.
To join the beta and experience the future of video
optimization, visit cloud.beamr.com and register
for early access. Stay tuned for further updates and exciting
developments as Beamr continues to revolutionize the way of
optimizing video content and lowering storage and networking
costs.
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content adaptive video
solutions. Backed by 53 granted patents, and winner of the 2021
Technology and Engineering Emmy® award and the 2021 Seagate Lyve
Innovator of the Year award, Beamr's perceptual optimization
technology enables up to a 50% reduction in bitrate with guaranteed
quality. www.beamr.com
Forward-Looking Statements
This press release contains “forward-looking statements” that
are subject to substantial risks and uncertainties. Forward-looking
statements in this communication may include, among other things,
statements about Beamr’s strategic and business plans, technology,
relationships, objectives and expectations for its business, the
impact of trends on and interest in its business, intellectual
property or product and its future results, operations and
financial performance and condition. All statements, other than
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Forward-looking statements are based on the Company’s current
expectations and are subject to inherent uncertainties, risks and
assumptions that are difficult to predict. Further, certain
forward-looking statements are based on assumptions as to future
events that may not prove to be accurate. For a more detailed
description of the risks and uncertainties affecting the Company,
reference is made to the Company’s reports filed from time to time
with the Securities and Exchange Commission (“SEC”), including, but
not limited to, the risks detailed in the Company’s annual report
filed with the U.S. Securities and Exchange Commission (the “SEC”)
on April 24, 2023 and in subsequent filings with the SEC.
Forward-looking statements contained in this announcement are made
as of the date hereof and the Company undertakes no duty to update
such information except as required under applicable law.
Investor Contact:
investorrelations@beamr.com
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